Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling even higher, leveraging established price movements for profitable trades [4]. Company Overview - International Consolidated Airlines Group SA (ICAGY) currently holds a Zacks Rank of 1 (Strong Buy) and has a Momentum Style Score of B, indicating strong potential for near-term price increases [5][9]. - Over the past quarter, ICAGY shares have increased by 53.22%, and over the last year, they have gained 92.94%, significantly outperforming the S&P 500, which moved 6.3% and 28.62% respectively during the same periods [7]. Performance Metrics - ICAGY's average 20-day trading volume is 262,772 shares, which serves as a baseline for price-to-volume analysis; a rising stock with above-average volume is generally seen as bullish [3]. - In the past week, ICAGY shares rose by 3.62%, while the Zacks Transportation - Airline industry declined by 1.65%. Over the past month, ICAGY's price change of 18.06% outperformed the industry's 0.78% [12]. Earnings Outlook - In the last two months, two earnings estimates for ICAGY have been revised upwards, increasing the consensus estimate from $1.02 to $1.08 for the full year. For the next fiscal year, two estimates have also moved upwards without any downward revisions [13].
International Consolidated Airlines Group SA (ICAGY) is a Great Momentum Stock: Should You Buy?